• Kyodo News

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Fujitsu Ltd. said Tuesday it will end its hard drive head business at the end of March and book a one-time loss of around ¥5 billion for the October-December quarter to close down the operations.

Fujitsu is believed to be in negotiations to sell the loss-making business to Toshiba Corp. as it grapples with the deepening fallout from the global economic slowdown.

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